Increasing public knowledge of fish's health advantages is fueling aquaculture's business expansion. Proteins, vitamins, and other nutrients that are vital for good health can be found in fish. Also, it is anticipated that rising government support for expanding aquaculture and rising global population would encourage market expansion. As a result, increasing consumer knowledge of fish's health advantages is boosting aquaculture's market expansion. As fish oil includes omega-3 fatty acids, rising demand for it is anticipated to propel market expansion. Essential fatty acids like omega-3 are well-liked for treating cardiovascular disease.
The global Aquaculture Market is estimated to be valued at US$ 210,790.00 million in 2021 and is expected to exhibit a CAGR of 6.6% over the forecast period (2021-2028).
Key Competitors in the Aquaculture Industry:
1. Blue Ridge Aquaculture
Blue Ridge Aquaculture was founded in 1993, and has been the world’s largest producer of tilapia using indoor recirculating aquaculture systems (RAS). Headquarters and operations are located in Martinsville, Virginia.
2. Cooke Aquaculture Inc.
Founded in 1985, the Cooke family of companies includes global aquaculture divisions under Cooke Inc. and its wholly-owned subsidiary Cooke Aquaculture Inc. as well as a Canadian aquaculture division operated by its affiliate, Kelly Cove Salmon Ltd. The company has headquarters situated in Saint John, NB
3. Eastern Fish Co.
Eastern Fish Co. began in 1974, primarily as a fish and crab trading company, sourcing products from Alaska and Canada. The company has headquarters situated in Teaneck, NJ.
4. International Fish Farming Co. – Asmak
Established in 1999, International Fish Farm Holding Co. PJSC, also known as Asmak, is one of the leading forces in the region’s seafood industry. It has headquarters situated in Ajman United Arab Emirates.
5. Marine Harvest ASA,
Founded in 1965, Marine Harvest ASA is one of the largest seafood companies in the world, and the world’s largest producer of Atlantic salmon. The company has headquarters situated in Dong Nai, Vietnam and is operational in more than 24 countries.
6. Nireus Aquaculture S.A.
Nireus was established in 1988 and aquaculture is the main sector of activity of our group. The company has headquarters situated in Attica, Greece.
7. Promarisco
Promarisco S.A., a subsidiary of Novapesca Trading S.A. was established in 1981 in Eloy Alfaro, Ecuador. The company has several business lines: growing of shrimps and larvas, packaging and export of prawns.
8. Selonda Aqauculture S.A.
Established in 1981, Selonda Aquaculture Ltd. It has headquarters situated in Paiania, Greece.
*Definition-Fish, crabs, and other aquatic creatures can all be farmed using the aquaculture technology.
